Not just the United States

The Bank of Canada is also discussing AI cybersecurity risks with banks.
In the U.S., Bessent and Powell convened CEOs of major Wall Street firms. Almost simultaneously, the Bank of Canada held discussions with its leading banks about AI threats.
When these two signals are combined, it indicates
Global central banks are evaluating the same risk: the speed at which an AI model can discover zero-day vulnerabilities has surpassed the patching speed of human security teams.
Mythos has identified thousands of zero-day vulnerabilities within weeks, affecting all mainstream operating systems.
Banks are among the industries with the largest global IT expenditures, with security budgets typically accounting for 10-15% of total IT spending. That proportion is expected to increase.
Regulators will follow suit. Central bank discussions imply that regulatory frameworks are on the way. Compliance requirements will drive more security procurement.
AI security is becoming an independent track. No longer just a subcategory of "cybersecurity," but an independent budget item.
$CRWD has already risen 35% this year, but based on valuation, it hasn't reached bubble territory yet. If banks' security spending truly steps up, the ceiling for this sector will need to be reassessed.